48:15-53 - Hearing; determination - New Jersey Statutes

48:15-53.  Hearing;  determination
    On the hearing of the application, and upon notice, the parties in interest  shall be heard by the said board, and if in its opinion the use of the bridge  by the street railway or traction company is a public necessity, it shall by  order:

    a.  Direct the company to lay its tracks, wires and appurtenances on the bridge and to operate its cars thereon;

    b.  Fix the period of years that the company shall use the bridge as aforesaid without further order or modification, which period of use shall be for no longer than the period for which the company is entitled to use its tracks on either side of the bridge and in any event for no longer than the period limited by law for the granting of franchises, at the termination of which period so fixed all rights of the company, its successors and assigns, shall cease;  and

    c.  Fix the annual compensation, if any, to be paid by the company to the municipality operating, owning or controlling the bridge.